By: helvic@class-swebsolutions.com
A budget is your business’s money game plan. It lays out what you expect to bring in, what you plan to spend, and how you’ll keep things balanced. Budgets aren’t just about cutting costs – they’re about making smarter decisions in advance.
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By: helvic@class-swebsolutions.com
The break-even point is when your revenue exactly equals your expenses: no profit, no loss, just covering your costs. It’s the point where your business stops bleeding money and starts holding its own. You’re not winning yet, but you’re no longer falling behind.
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By: helvic@class-swebsolutions.com
APR (or Annual Percentage Rate) is the total yearly cost of borrowing money, expressed as a percentage. It includes the interest rate plus any extra fees or costs that come with the loan. That makes it a more accurate number than just “interest rate” alone.
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By: helvic@class-swebsolutions.com
Account reconciliation is the process of checking that your financial records actually match reality. Usually, that means comparing your internal accounting records like your bookkeeping software with an external source, like your bank statement.
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By: helvic@class-swebsolutions.com
Accounts receivable (A/R) is the money your business is owed. You’ve done the work, sent the invoice, and now you’re waiting for payment.
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By: helvic@class-swebsolutions.com
Accounts payable (AP) is the money your business owes to other people – typically vendors, suppliers, or service providers. It’s not a loan from a bank, but it is money you’re on the hook for.
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By: helvic@class-swebsolutions.com
A brand isn’t just your logo, colors, or tagline. It’s the feeling people get when they interact with your business.
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By: helvic@class-swebsolutions.com
Bookkeeping is the day-to-day job of tracking a business’s financial activity – all the money coming in, going out, and moving around.
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